J.B. Hunt Transport Services (NASDAQ:JBHT) Given New $181.00 Price Target at TD Cowen

J.B. Hunt Transport Services (NASDAQ:JBHT) had its target price lowered by TD Cowen from $193.00 to $181.00 in a research report report published on Wednesday, MarketBeat.com reports. The firm currently has a hold rating on the transportation company’s stock.

Several other equities research analysts have also recently issued reports on JBHT. Robert W. Baird restated an outperform rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, January 19th. Stephens decreased their price objective on J.B. Hunt Transport Services from $212.00 to $210.00 and set an overweight rating on the stock in a report on Thursday, April 4th. Susquehanna decreased their price objective on J.B. Hunt Transport Services from $200.00 to $195.00 and set a neutral rating on the stock in a report on Monday, March 25th. UBS Group upgraded J.B. Hunt Transport Services from a neutral rating to a buy rating and raised their price objective for the stock from $205.00 to $234.00 in a report on Monday, January 22nd. Finally, Barclays cut J.B. Hunt Transport Services from an overweight rating to an equal weight rating and decreased their price objective for the stock from $215.00 to $200.00 in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of Moderate Buy and a consensus target price of $197.39.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ:JBHT opened at $168.13 on Wednesday. The business’s fifty day moving average price is $199.89 and its two-hundred day moving average price is $193.17. The stock has a market cap of $17.37 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 1.61 and a beta of 1.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.15 and a current ratio of 1.17. J.B. Hunt Transport Services has a one year low of $160.07 and a one year high of $219.51.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, April 16th. The transportation company reported $1.22 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.31). The company had revenue of $2.94 billion for the quarter, compared to analyst estimates of $3.12 billion. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.40%. On average, analysts forecast that J.B. Hunt Transport Services will post 7.57 EPS for the current fiscal year.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, SVP Kevin Bracy sold 754 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $211.79, for a total value of $159,689.66. Following the transaction, the senior vice president now directly owns 8,235 shares of the company’s stock, valued at $1,744,090.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other J.B. Hunt Transport Services news, Director Patrick J. Ottensmeyer bought 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were acquired at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the completion of the transaction, the director now owns 5,000 shares in the company, valued at $1,014,950. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Kevin Bracy sold 754 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $211.79, for a total value of $159,689.66. Following the sale, the senior vice president now directly owns 8,235 shares in the company, valued at $1,744,090.65. The disclosure for this sale can be found here. Insiders have sold 20,432 shares of company stock valued at $4,309,687 over the last three months. 2.10% of the stock is owned by company insiders.

Institutional Trading of J.B. Hunt Transport Services

A number of hedge funds and other institutional investors have recently modified their holdings of JBHT. Clear Street Markets LLC increased its position in shares of J.B. Hunt Transport Services by 94.0% during the first quarter. Clear Street Markets LLC now owns 161 shares of the transportation company’s stock worth $28,000 after acquiring an additional 78 shares during the last quarter. VisionPoint Advisory Group LLC increased its holdings in J.B. Hunt Transport Services by 104.8% in the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company’s stock valued at $32,000 after buying an additional 87 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in J.B. Hunt Transport Services by 69.1% in the second quarter. Salem Investment Counselors Inc. now owns 208 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 85 shares during the period. Operose Advisors LLC acquired a new position in J.B. Hunt Transport Services in the third quarter valued at approximately $34,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in J.B. Hunt Transport Services in the third quarter valued at approximately $36,000. 74.95% of the stock is owned by hedge funds and other institutional investors.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.